Crestwood and con edison announce closing of stagecoach gas services divestiture

Houston & new york--(business wire)--crestwood equity partners lp (nyse: ceqp) (“crestwood”) and consolidated edison, inc. (nyse: ed) (“con edison”) today announced the successful divestiture of the subsidiaries of stagecoach gas services llc (“stagecoach”), with the exception of twin tier pipeline llc, to a subsidiary of kinder morgan, inc. (nyse: kmi) for $1.195 billion. the cash proceeds from the divestiture were shared between crestwood and con edison in line with each member's 50% ownershi
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